Londinia Opportunities Analyses - 11/26/2024 (GMT) GBP/JPY - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 192.88 JPY
My targets
190.84 JPY (-1.37)
189.92 JPY (-2.29)
My analysis
The bearish trend is currently very strong for GBP/JPY. As long as the price remains below the resistance at 192.88 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 190.84 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 189.92 JPY as an objective. Crossing it would then enable sellers to target 188.09 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.6
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Additional analysis
Quotes
GBP/JPY rating 192.21 JPY. On the day, this instrument lost -0.65% and was traded between 192.08 JPY and 193.73 JPY over the period. The price is currently at +0.07% from its lowest and -0.78% from its highest.192.08
193.73
192.21
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/JPY:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/JPY in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 183.60 | 188.09 | 190.84 | 192.21 | 192.88 | 194.33 | 195.83 |
| Change (%) | -4.48% | -2.14% | -0.71% | - | +0.35% | +1.10% | +1.88% |
| Change | -8.61 | -4.12 | -1.37 | - | +0.67 | +2.12 | +3.62 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 191.59 | 192.43 | 192.95 | 193.79 | 194.31 | 195.15 | 195.67 |
| Camarilla | 193.10 | 193.22 | 193.35 | 193.47 | 193.60 | 193.72 | 193.84 |
| Woodie | 191.43 | 192.35 | 192.79 | 193.71 | 194.15 | 195.07 | 195.51 |
| Fibonacci | 192.43 | 192.95 | 193.27 | 193.79 | 194.31 | 194.63 | 195.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 186.99 | 189.92 | 191.93 | 194.86 | 196.87 | 199.80 | 201.81 |
| Camarilla | 192.58 | 193.03 | 193.49 | 193.94 | 194.39 | 194.85 | 195.30 |
| Woodie | 186.53 | 189.69 | 191.47 | 194.63 | 196.41 | 199.57 | 201.35 |
| Fibonacci | 189.92 | 191.81 | 192.97 | 194.86 | 196.75 | 197.91 | 199.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.70 | 185.28 | 190.65 | 195.23 | 200.60 | 205.18 | 210.55 |
| Camarilla | 193.28 | 194.20 | 195.11 | 196.02 | 196.93 | 197.84 | 198.76 |
| Woodie | 181.10 | 185.48 | 191.05 | 195.43 | 201.00 | 205.38 | 210.95 |
| Fibonacci | 185.28 | 189.08 | 191.43 | 195.23 | 199.03 | 201.38 | 205.18 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.43 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -22.13 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 192.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 193.47 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 193.42 | |
| Zig ZAG (10): | 192.27 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 9.28 | |
| TEMA (21): | 192.55 | |
| Williams %R (14): | -89.51 | |
| Chande Momentum Oscillator (20): | -1.01 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.41 |
| MA7: | 194.66 | |
| MA20: | 196.47 | |
| MA50: | 195.09 | |
| MA100: | 193.91 | |
| MAexp7: | 192.65 | |
| MAexp20: | 193.04 | |
| MAexp50: | 193.52 | |
| MAexp100: | 194.15 | |
| Price / MA7: | -1.26% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -1.00% |
Quotes :
-
Real time data
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Forex
News
The last news published on GBP/JPY at the time of the generation of this analysis was as follows:
-
GBP/JPY Forecast November 26, 2024
-
GBP/JPY Forecast October 14, 2024
-
GBP/JPY Forecast September 26, 2024
-
GBP/JPY Forecast September 11, 2024
-
GBP/JPY Forecast August 15, 2024